The possibility to deliver software using the Cloud became apparent to the developers of NetSuite. This use of the Cloud as technology cuts the costs of using multiple IT platforms, improves reporting mechanisms, streamlines processes, and is more time-efficient. We explore what NetSuite is and the advantages it has for your business.

What Is NetSuite?

NetSuite is a Cloud Enterprise Resource Management (ERP) solution. Using a single platform, a company has access to all the apps and software they need to run their entire business. It integrates various solutions such as supply chain, customer relationship management (CRM), ERP, manufacturing, retail, human resources, finance, and e-commerce.

This means that a company can have all its IT needs managed on one platform. All the software to perform all the business processes come in a unified package. You can obtain NetSuite from a consultancy such as BlueBridge One.

NetSuite also automates manual processes, provides dashboards that you can customise, combines complete customer records, and operates in real-time. It can be interfaced and used alongside your legacy systems. There is no need to stop using Shopify or Amazon, for example, in conjunction with NetSuite due to NetSuite’s partnership solutions.

The NetSuite platform works according to the SaaS (software as a service) pricing model. Instead of paying a once-off licence fee, clients only foot the bill for a monthly subscription based on services received. There are no maintenance and infrastructural costs. Additional modules can be added as the need for them becomes apparent.

The Benefits of NetSuite

Using the SaaS model gives NetSuite scalability. You only pay for what you currently use, but as your business grows and your needs change, you can obtain additional functionality down the road. There is also no need to increase staff or build infrastructure.

All your data is housed on one platform and remains uniform even with multiple users making inputs. Mistakes are more readily identified and rectified. With automation, NetSuite does all the integration.

NetSuite has dozens of modules and multiple add-ons. This means that any organisation can find the suite of products they require and have them customised for its needs.

The platform works for multinational corporations too. It grants you access to global tax laws and reporting specifications, languages, and as many currencies as are involved. Reporting, even at this scale, can give breakdowns and analytics to the lowest level or any composite view, through one of its add-ons.

Costs are surprisingly low for an ERP. There are four payment packages: NetSuite Starter Package, NetSuite Enterprise, NetSuite BPO, and NetSuite for Mid-Market. Pricing is further adjusted depending on your strategic objectives and the number of users.

NetSuite Partner Program

NetSuite Solution Providers sell NetSuite licences and assist with support and implementation. NetSuite Alliance Partners are trained by NetSuite to provide consulting services for specific areas. The SuiteCloud Developer Network develops applications to integrate with NetSuite. NetSuite Business Process Outsourcing (BPO) Partners accept outsourced functions from clients using NetSuite. NetSuite Referral Partners market NetSuite for a referral fee. The NetSuite Accountant Program is for accounting companies whose clients use NetSuite with no added costs for either. NetSuite’s Global Private Equity practice assists private equity businesses.

With all the benefits that NetSuite offers, it is suitable for most companies.